J. M. Smucker (NYSE:SJM) Trading 2.8% Higher – Time to Buy?

The J. M. Smucker Company (NYSE:SJM) shares traded up 2.8% during trading on Monday . The company traded as high as $119.37 and last traded at $119.56. 255,056 shares changed hands during trading, a decline of 78% from the average session volume of 1,169,553 shares. The stock had previously closed at $116.32.

Analyst Ratings Changes

Several equities analysts have commented on the company. TD Cowen cut J. M. Smucker from a “buy” rating to a “hold” rating and cut their price target for the company from $130.00 to $121.00 in a report on Wednesday, January 8th. StockNews.com raised shares of J. M. Smucker from a “sell” rating to a “hold” rating in a research note on Friday. Barclays cut their price target on J. M. Smucker from $123.00 to $119.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Morgan Stanley assumed coverage on J. M. Smucker in a report on Monday, March 24th. They set an “overweight” rating and a $123.00 price objective on the stock. Finally, Stifel Nicolaus reduced their target price on shares of J. M. Smucker from $125.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $125.67.

J. M. Smucker Trading Up 1.9 %

The company has a current ratio of 0.58, a quick ratio of 0.27 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $12.62 billion, a P/E ratio of 23.98, a PEG ratio of 3.91 and a beta of 0.28. The business has a 50 day moving average of $108.21 and a 200-day moving average of $112.17.

J. M. Smucker (NYSE:SJM) last posted its quarterly earnings data on Thursday, February 27th. The company reported $2.61 EPS for the quarter, beating the consensus estimate of $2.37 by $0.24. J. M. Smucker had a net margin of 5.96% and a return on equity of 14.35%. The business had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.23 billion. Analysts anticipate that The J. M. Smucker Company will post 9.88 EPS for the current fiscal year.

J. M. Smucker Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a dividend of $1.08 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $4.32 annualized dividend and a dividend yield of 3.64%. J. M. Smucker’s dividend payout ratio is currently -179.25%.

Insider Transactions at J. M. Smucker

In other J. M. Smucker news, CFO Tucker H. Marshall sold 5,028 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $113.36, for a total transaction of $569,974.08. Following the transaction, the chief financial officer now owns 13,263 shares of the company’s stock, valued at $1,503,493.68. The trade was a 27.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On J. M. Smucker

Several hedge funds and other institutional investors have recently made changes to their positions in SJM. 111 Capital bought a new stake in shares of J. M. Smucker during the 4th quarter worth about $1,145,000. Probity Advisors Inc. grew its stake in J. M. Smucker by 4.0% during the fourth quarter. Probity Advisors Inc. now owns 9,143 shares of the company’s stock worth $1,007,000 after buying an additional 352 shares in the last quarter. Siemens Fonds Invest GmbH acquired a new position in shares of J. M. Smucker in the 4th quarter valued at approximately $4,605,000. Menard Financial Group LLC bought a new stake in shares of J. M. Smucker during the 4th quarter worth approximately $46,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in J. M. Smucker in the fourth quarter valued at approximately $12,466,000. 81.66% of the stock is owned by institutional investors.

J. M. Smucker Company Profile

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, toppings, and syrups; jelly products; nut mix products; shortening and oils; frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.